The Age Care Crisis in Australia

Baby Boomers: The Demographic and Economic ContextThis website adopts the terminology and statistics of the Australian Bureau of Statistics (ABS) (2006). Baby boomers are defined as those born between 1946 and 1965In the next few years the number of people aged 65-84 years is projected to grow from 2.4 million in 2007 to 6.4 million in 2056; the number of people aged 85 years and over is projected to grow five-fold from 334,000 to 1.7 million over this period.This represents a crisis for the current systems to support the aged in Australia.

The crux of the problem:Baby Boomers are headed to crash all existing systems and will live much longer than their means allow.

Some Options:

Do nothing

Tweak existing systems

See what happens

Introduce voluntary assisted euthanasia

Spend lifetime savings and investments and then lean on our children

OR… Find a new way forward.This is what we are going to explore

Mission StatementWe, baby boomers will put back into the existing systems, strengthen them and enjoy the benefits of true financial freedom at the same time.

Do something differentlyHelp us to put Australia on the map by being the first country to get a solution to this challenge.

There are 2 reasons that people do things or change what they are doing...Survival or HedonismThis is primarily survival, however will enable material assets to last much longer and go much further so we will appeal to both.